Which of the Following Is Correct Concerning the Inspecting and Counting

question 51

Multiple Choice

Which of the following is correct concerning the inspecting and counting of securities on hand?

• A) All securities should be controlled by the auditor until the count is completed.
• B) The custodian need not be present during the count.
• C) A receipt should be provided by the auditor to the custodian when the securities are returned.
• D) The auditor should observe the broker's advice number on the document.
• E) The auditor should observe the name of the broker.

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Definitions:

Grasses Expanded

Refers to the historical spread and increase in diversity of grass species across various ecosystems.

Diversified

The process or state of becoming varied in character or form, often used in reference to investment portfolios or ecological variety.

Epoch

A division of geological time that is smaller than a period and is marked by distinctive features, events, or life forms.

Quaternary

The most recent period in the Earth's history, starting around 2.58 million years ago and continuing to the present day.